This is the reason for government inspectors and, most importantly, a competent and independent board of directors to approve the control regime to begin with. (canadianbusiness.com)
Many of the interviews with family firm board members revealed that it is crucial for independent board members to have formal processes to monitor and optimize the skills and composition of the board. (rotman.utoronto.ca)
What we've seen as a result of an increase in independent board members is a boost in payout ratios. (heartlandadvisors.com)